The RX100 is an amazing camera. I have an older one with a 28-100 lens. In good light it'll make images that will print at 16x20 without issues. It's my ski and hike camera unless I'm out with a group that wants action pics
I have the very first version of this camera, and it is still great. If I remember correctly, I chose it because of the then-oversized sensor for a camera this size. It is great beyond just the sensor and has exceeded my expectations in every way. You can put it on automatic and give it someone who has never used a good camera, and they will take great pictures.
Now they are up to version VII, and the price has doubled over the years. They have made improvements that may justify some of the price increase, but I think they also realized what a great camera they have.
Well, suppose they came out with a phone with a camera having huge resolution and somehow could use that to process even for telephoto use and night time low noise use, and it always made the optimum decisions automatically. Would photography enthusiasts enjoy it like a manually adjustable SLR type? While not quite there it is where things are headed. My current phone can even do RAW photos. Or even if a stand alone camera used this tech for a relatively cheap, small simple camera would someone like it the way they do SLR types or even mirrorless that mimic that kind of control and interface.
Now sure maybe some artistic decisions are not the "perfect image". But once you have RAW and a few choices you can re-create that from such cameras.
Even now, though larger cameras and the optics of lenses will always give a little edge vs some smaller camera with DSP, the places where this can be exploited is hemmed in to a very narrow range of uses vs the latest phone cameras with multiple cameras of high pixel count that do some nifty DSP. It is why for 2 years I've been wanting a mirrorless camera to replace my aged DSLR, but the phone so rarely falls short such a purchase is more and more an expensive vanity purchase with only marginal real benefit. One thing to me about the lousy UI of phone cameras was eliminated when phones can pull the shutter on voice command. That has made using my phone camera terrific.
I think you are right. But I can still see deficiencies when I resize to a bigger image compared to a standalone camera. I think there will always be a difference in capability just due to physics, but having a separate camera is less of a need for people who just want to point and shoot.
Does anyone know what the sales trends for high end cameras is these days? It seems like the market is still upgrading every year; I might even say it appears to be thriving? It could be that digital photography - even in phones - has created new demand and interest in the hobby, just like the trends in audio.
I still think my RX100 is easier to use than a phone and it definitely takes better pictures. But maybe that is just the dinosaur in me not wanting to give up.